Cost of Living in Marvin, NC

Population 6,542 · North Carolina · Data vintage 2023

282
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Marvin's housing market reflects its status as a high-earning metro: $861,000 for a typical home, 182% above the US median, paired with household incomes around $250,001 that put it in the upper third of the state.

Located 14 miles south of Charlotte, Marvin falls within that metro's commuting orbit. Median home values run roughly 145% higher than Charlotte's $352,000.

Cost Overview

Housing 282

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Marvin

The median home value in Marvin is $860,600 — 182% above the national median of $305,000. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.3°F and lows of 50.2°F. Overall, Marvin has a cost of living index of 282 versus the US average of 100, meaning it is 182% more expensive.

🏠 Housing

Median Home Value
$860,600
182% above avg
Zillow Home Value
$114,081
Zillow ZHVI
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 99.3%
Renter-occupied 0.8%

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.4 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
39.4%

Commute Mode

Drove alone
54.1%
Carpooled
3.6%
Public transit
0.5%
Work from home
39.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$250,001
235% above avg
Per Capita Income
$78,217
Unemployment Rate
3.5%
27% below avg
Poverty Rate
6.6%
Labor Force Participation
65.8%

🎓 Education

Bachelor's degree+ 39.3%
Graduate degree 40.4%

👥 Demographics

Median Age 40.8
Male median age 40.5
Female median age 41.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.3°F
Avg Low
50.2°F
Annual Precip
37.9"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535764738087918983736355
Low °F 323541495765696862504034
Precip" 3.002.773.192.902.893.733.633.793.182.972.912.96

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
82%
Good air days/yr
101
Max AQI recorded
0
PM2.5 days
245
Ozone days

Frequently Asked Questions

What is the cost of living in Marvin, NC?

Marvin has a cost index of 282 (100 = national average). It is 182% above the national average.

What is the average home price in Marvin?

The median home value in Marvin is $860,600 according to Zillow and Census data.

What is the median income in Marvin?

The median household income in Marvin is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Marvin, NC?

The combined state and local sales tax rate in Marvin is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Marvin, NC affordable?

Marvin is above average in cost of living, with an index of 282 — about 182% higher than the national average.

What is the weather like in Marvin?

Marvin has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.